EC Booking Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12019321 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

EC BOOKING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr E M Martins De Caires

REGISTERED OFFICE:

55 Loudoun Road

London

NW8 0DL

REGISTERED NUMBER:

12019321 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

79,871

146

CURRENT ASSETS

Debtors

5

-

22,623

Cash at bank

1,284

1,247

1,284

23,870

CREDITORS

Amounts falling due within one year

6

(52,275

)

(4,275

)

NET CURRENT (LIABILITIES)/ASSETS

(50,991

)

19,595

TOTAL ASSETS LESS CURRENT LIABILITIES

28,880

19,741

CREDITORS

Amounts falling due after more than one year

7

(50,890

)

(19,575

)

PROVISIONS FOR LIABILITIES

8

-

(28

)

NET (LIABILITIES)/ASSETS

(22,010

)

138

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(22,110

)

38

SHAREHOLDERS' FUNDS

(22,010

)

138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 May 2023 and were signed by:

Mr E M Martins De Caires - Director

1.	STATUTORY INFORMATION

EC Booking Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There are net current liabilities of £50,991 at the balance sheet date (2021: £19,595 net current assets).

The director has given assurances that he will support the company to meet its day to day liabilities as and when they fall due.

In view this the director is of the opinion that it is appropriate to prepare the companys financial statements on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2021

-

195

195

Additions

105,578

770

106,348

At 31 May 2022

105,578

965

106,543

DEPRECIATION

At 1 June 2021

-

49

49

Charge for year

26,394

229

26,623

At 31 May 2022

26,394

278

26,672

NET BOOK VALUE

At 31 May 2022

79,184

687

79,871

At 31 May 2021

-

146

146

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

105,578

At 31 May 2022

105,578

DEPRECIATION

Charge for year

26,394

At 31 May 2022

26,394

NET BOOK VALUE

At 31 May 2022

79,184

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Other debtors

-

22,623

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans and overdrafts

7,442

625

Taxation and social security

388

88

Other creditors

44,445

3,562

52,275

4,275

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans

32,271

19,575

Hire purchase contracts

18,619

-

50,890

19,575

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,180

8.	PROVISIONS FOR LIABILITIES

31.5.22

31.5.21

£

£

Deferred tax

Accelerated capital allowances

-

28

Deferred

tax

£

Balance at 1 June 2021

28

Credit to Income Statement during year

(28

)

Balance at 31 May 2022

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.22

31.5.21

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2022 and 31 May 2021:

31.5.22

31.5.21

£

£

Mr E M Martins De Caires

Balance outstanding at start of year

22,623

-

Amounts advanced

28,634

28,799

Amounts repaid

(51,257

)

(6,176

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

22,623